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After crypto market woes, CBN considers eNaira launch Oct

However, in what appears to be the most radical departure from the initial posture of staying away from the digital currency space, CBN recently announced that it will launch the pilot scheme of its digital currency on October 1.
The apex bank’s Director of IT, Rakiya Mohammed, during a webinar disclosed that the bank had been conducting research on its digital currency since 2017 and might conduct a proof of concept before the end of the year.
Mohammed further disclosed that the project, tagged “Project GIANT” would use the Hyperledger Fabric Blockchain.
Prior to this announcement, the CBN Governor, Godwin Emefiele, announced that the bank would be working on a digital currency during the 306th Banker’s Committee meeting. ....

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India Shouldn't Throw Out the NFT Baby With the Crypto Bathwater

India Shouldn t Throw Out the NFT Baby With the Crypto Bathwater
NFTs could help Indian digital content creators seek royalties and unlike cryptocurrencies, do not pose the threat of developing into an unregulated currency.
An illustrated image shows US dollars, cryptocurrency and NFT written on a phone. Photo: Marco Verch/Flickr CC BY 2.0
Tech7 hours ago
If youâve been to any social media sites over the last month, chances are that you have come across the term NFT (or non-fungible tokens to give them their full name). From Twitter founder Jack Dorsey selling his very first tweet to Elon Musk selling a song about NFTs through NFT â it is safe to say that NFT is set to become a mainstay in the modern digital zeitgeist. And with promises of ensuring that artists, musicians and other creators can use it to be properly compensated for their work, it’s easy to see why NFT has become such an appealing prospect online. ....

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Don't ban crypto, need regulatory mechanism: IAMAI to government

Don t ban crypto, need regulatory mechanism: IAMAI to government
Good governance and regulation of the cryptocurrency ecosystem in India will give impetus to the government’s Digital India vision, said IAMAI.
| 11 March 2021 1:46 AM GMT
NEW DELHI: India s leading cryptocurrency players, represented by IAMAI (Internet & Mobile Association of India) on Wednesday appealed to the government of India not to ban cryptocurrency, while saying that a robust mechanism to regulate the ecosystem is needed.
Good governance and regulation of the cryptocurrency ecosystem in India will give impetus to the government s Digital India vision, said IAMAI. India is also witnessing a considerable rise in digital assets. ....

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Exclusive: IAMAI paper highlights negative effects of crypto ban

Exclusive: IAMAI paper highlights negative effects of crypto ban
medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.

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Budget session resumes today, farmers' agitation to resonate : The Tribune India

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Congress general secretary Priyanka Gandhi rides a tractor to attend a kisan mahapanchayat in Meerut on Sunday. PTI
Tribune News Service
New Delhi, March 7
The remaining half of the Budget session of Parliament will commence here on Monday with the finance bill listed as the top priority along with the passage of the demand for grants for various ministries.
Although the primary business through the session would be financial, the Opposition led by Congress is gearing up to attack the BJP-led Centre for the failure to resolve the ongoing farmers’ agitation, rising prices of petrol, diesel and cooking gas and the LAC issue. ....

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